The global vacuum packaging market is growing at a CAGR of 3.8% during the forecast period. Vacuum packaging is the process of packaging a product by eliminating all the air inside to reduce the chances of spoilage and wastage of the product. Vacuum packaging has been widely used to store various items, including meat, poultry, seafood, cheese, dry fruits, and agricultural produce. It is popular across geographies when it comes to preserving food and keeping away bacteria and microorganisms. Also, vacuum-packed products are protected from moisture, dust, and other environmental gases and are being increasingly preferred by most manufacturers in the global food industry. Convenient packaging and easy handling are strongly driving vacuum packaging. Increasing disposable incomes and urbanization have also increased the demand for vacuum-packed products. Changing consumer trends for ready-to-go and lightweight packaging are some key drivers of the vacuum packaging market.
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COVID-19 has impacted the vacuum packaging industry across geographies. Despite wide macroeconomic headwinds, some packaging suppliers have been benefiting from the economic pace powering short-term sales growth. Moreover, consumer demand for protein products also increased significantly in the latter half of 2020, which is expected to create demand in the market for trays and flexible films. In addition, customers have increased demand for extended shelf life packaging due to a disruption in the supply chain amid COVID-19 measures, which will benefit the vacuum packaging market.
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Global Vacuum Packaging Market Segmentation
By Material
- Polyethylene (PE)
- Polyamide
- Ethylene Vinyl Alcohol (EVA)
- Other (PVC (Polyvinylchloride) and PP (Polypropylene))
By End-User
- Food Industry
- Other
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
